Progress(US:PRGS)2025-04-01 00:45Q1 2025 Financial Performance - Revenues reached $238 million, a 30% year-over-year increase in constant currency, aligning with the higher end of the projected range of $232 million to $238 million[9] - Non-GAAP EPS was $1.31, exceeding the high end of the prior guidance of $1.02 to $1.08[9] - The company's operating margins were strong at 39%[9] Annualized Recurring Revenue (ARR) - ARR reached $836 million, reflecting a 48% year-over-year growth in constant currency or 3% on a pro-forma basis[9] - ShareFile contributed approximately $250 million to ARR[11] - The company's ARR compound annual growth rate (CAGR) from Q1 2020 to Q1 2025 was 19%[17] Net Retention Rate (NRR) - The company's Net Retention Rate (NRR) exceeded 100%[8, 9] - Net Retention Rate was between 100% and 102%[16] Future Guidance - Q2 2025 revenue is projected to be between $235 million and $241 million, with an EPS of $1.28 to $1.34[9] - Fiscal Year 2025 revenue is guided to be between $958 million and $970 million, with an EPS of $5.25 to $5.37[9] Capital Allocation - The company repaid $30 million in debt during Q1 2025[28] - The company is modeling $160 million in debt repayment for FY2025[28] - The company repurchased $30 million of shares in Q1 2025[28]